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Date/Time: Fri, 29 Nov 2024 15:44:26 +0000



Post From: Broker Inquiry

[2023-02-05 22:00:36]
User281573 - Posts: 11
Hi,

I'm very interested in becoming a paid subscriber to Sierra Chart.
My current broker is Interactive Brokers (Which I read has lots of problems per the support article on Sierra Chart).

I am unsure of what broker may be the best for my use case. Based on the following key elements, could you suggest one or two you feel may be suitable based on my key needs?
- I day trade and swing trade stocks.
- I manage 10 accounts via a 'Family Advisor' account. One of the huge benefits of IBKR is that I can create 'account groups' and create trades that execute against multiple accounts in a group at once and just allocate the shares purchased or sold against the accounts. So I need a broker that can hold trust accounts, IRA accounts, and taxable accounts and generate trades that fill to an entire 'group'. Plus the ability to create account groups as needed.
- IBKR has pretty good margin rates so I'm looking for a broker with similar or better margin offerings.
- Good order fills with minimal slippage is critical
- Support for complex order types/lots of order types (at least the order types IBKR offers or similar)

I did read about Teton but at least from what I read that is mainly for futures and not really for Nasdaq etc.

Any rough recommendations would be greatly appreciated.

Thank you very much.